AMA profits up again in 2004
NEWS IN BRIEF — Posted July 11, 2005
With a $39.8 million operating profit in 2004, the AMA marked its fifth straight year of operating in the black. The financial turnaround follows three years of operating losses in the late 1990s.
The 2004 operating profit was nearly double the $20.1 million operating profit the Association reported in 2003.
Business operations -- which include books and products and the Insurance Agency -- generated $9.1 million more than forecasted. Meanwhile, dues revenues were $300,000 less than projected, and expenses were $900,000 less than forecasted.
Note: This item originally appeared at http://www.ama-assn.org/amednews/2005/07/11/prbf0711.htm.